Time to Re-apply for the Disability Tax Credit Certificate
For many folks, their DTC has a lifespan and will expire, so check to see when you must re-apply for the disability tax credit
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Disability Tax Credit
The disability tax credit is the money the CRA gives folks with disabilities (or their parents) after the CRA has OK’ed the disability. To quote the CRA on this:
The disability tax credit (DTC) is a non-refundable tax credit that
helps persons with disabilities or their supporting persons reduce the
amount of income tax they may have to pay. An individual may claim
the disability amount once they are eligible for the DTC. This amount
includes a supplement for persons under 18 years of age at the end
of the year.
Applying for the DTC can be a cumbersome process, however, I strongly suggest not using any external firm for help, you can do this yourself, and you should, to ensure you keep the money that is due to you.
Tax Tips for Parents with Kids with Disabilities
It is important to give tax tips for parents with kids that have disabilities, as they deserve all the help we can give them!
Disability Tax Credit: Please Do It Yourself
The Disability Tax Credit (DTC) is a valuable benefit offered by the CRA to help Canadians living with disabilities or supporting a disabled family member. Unfortunately, some third-party advisory firms have capitalized on this by… Read More »Disability Tax Credit: Please Do It Yourself
Child Disability Tax Credit Application Letter (Template)
Once you have a T2201 form filled in, it is important to have a good cover letter for your Child Disability Benefit, Disability Tax Credit, DTC application.
Medical Tax Credit for School Costs Template
If you have a disabled child you can try to claim Medical Tax Credit for School Costs if the child’s schooling is essential to help with their disability. Most training for a disabled person should… Read More »Medical Tax Credit for School Costs Template
